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[quote=Anonymous]This argument on market rates is going nowhere because it ignores the real factors that affect those rates.

Market rates reflect supply and demand. Anyone can call themselves a nanny so the low barrier to entry means supply is high (at least in this area). Another factor to consider is that rates are deflated when people are will to pay and be paid illegally. If people insisted on paying/being paid on the books, market rates will rise.

Individual MBs cannot be blamed for wanting to pay market rates. Child care is expensive and if a nanny candidate cannot fund the life they want on market rates, they should either find a new line of work, or offer something substantial that would command an above market rate (like cooking, housekeeping or something akin to nanny/house manager duties)

Individual nannies cannot be blamed for wanting to make more money. Everyone wants more money and most people think of their services as being worth more than their pay. Things are also complicated when nannies perceive their NFs as having so much more money than they do and believe they should be paid more because they believe their job is the most essential thing in a NFs budget.

Nannies also are somewhat disrespected as a group. People think childcare is easy, nannies have all kinds of perks (free time during naps or school, free food) and very little oversight. It doesn't matter if any of that is true, the perception is out there.[/quote]

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